November 1, 2018
Arch Insurance Europe has purchased the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquisition will give Arch a meaningful presence and an extended office network across the UK that …
November 1, 2018
RenaissanceRe’s planned $1.5 billion purchase of Tokio Millennium Re (TMR) reinforces its strategy of being an independent reinsurer, according to Kevin O’Donnell, president and CEO of RenRe. “The TMR transaction will accelerate our strategy by providing us greater penetration into …
October 31, 2018
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Arkin Youngentob Associates, a full-service employee and executive benefits firm headquartered in Bethesda, Md. Terms of the deal were not disclosed. Founded in 1981, Arkin Youngentob …
October 31, 2018
Ageas announced it has reached an agreement with BNP Paribas Cardif to sell its 33 percent share in the share capital of Cardif Lux Vie S.A. (CLV), for a total cash consideration of €152 million ($172.7 million). Under the deal, …
October 29, 2018
Ed, the London-based reinsurance, wholesale and specialty broker, announced that it would be acquired by a subsidiary of BGC Partners, Inc (BGC), a global brokerage and financial technology company. Financial details of the deal, which is subject to a number …
October 29, 2018
AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner last month when it purchased Zodiac Insurance Services, which specializes in professional, entertainment and event insurance. It wasn’t …
October 26, 2018
Hartford Steam Boiler (HSB), part of Munich Re, announced the close of the acquisition of relayr, Inc., the Berlin-based industrial internet of things technology company. HSB acquired 100 percent of relayr’s shares and equity interests for $251.7 million in cash …
October 25, 2018
HMS Agency Inc. (HMS), a family-owned and operated insurance agency based in Albany, N.Y., has acquired Adirondack Family Insurance Services of Saratoga Springs, N.Y. The purchase agreement was finalized on July 1, 2018, and represents the fifth acquisition by HMS …
October 25, 2018
Australia’s largest wealth manager AMP Ltd said on Thursday it would sell its life insurance arm at a discount and revealed its funds were hemorrhaging cash as clients pulled out their money in response to revelations of systemic wrongdoing. Investors …
October 23, 2018
CoreLogic, the Irvine, Calif.-based property data and analytics firm, has agreed to acquire the outstanding shares of Symbililty Solutions Inc. not already owned by CoreLogic. CoreLogic currently holds approximately a 28 percent ownership interest in Symbility. Symbility, which is headquartered …